Prepare for sustainable trade


By JOY LEE

“Sustainability has become important because globally, governments are setting their emissions targets. Malaysia is talking about being carbon neutral by 2050 but a lot of our trading partners, like the European Union, for example, are talking about being net zero by 2050. Singapore and China are also setting targets. This means that the rules of engagement of trade will change. In moving forward, and moving very fast, trade will now include the element of sustainable trade,” says Faroze Nadar, (pic) executive director of United Nations Global Compact Network Malaysia and Brunei (UNGC).

OPERATING a sustainable company is increasingly becoming an imperative for future business continuity.

As economic activities progressively resume with the easing of restrictions in most countries, companies will have to gradually work their way up a new sustainable standard to participate in future trade.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

sustainable , trade Feroze Nadar , ESG , China , Malaysia

   

Next In Business News

Lagenda Properties' unit secures contract worth up to RM99.6mil
Icon Offshore secures four key agreements to drive portfolio growth and expansion
RHB, CGC ink Malaysia’s first LCTF portfolio guarantee agreement, valued at RM400mil
Solarvest secures RM142mil solar EPCC contract in Kedah
Allianz Malaysia posts 7.4% lower earnings of RM183.17mil in 3Q
Tex Cycle eyes M&A, ESG market expansion
Ringgit retreats after three days of gains
Sarawak Plantation posts 14.5% profit jump in 3Q, declares 15 sen dividend
MAHB raises RM1.6bil in oversubscribed sukuk wakalah
MNRB appoints Rudy as interim president & CEO

Others Also Read